Craig-Hallum downgraded Boot Barn (BOOT) to Hold from Buy with a price target of $162, up from $154. The stock has rallied over 40% since the company’s “impressive” Q1 results in August, notes the analyst, who expects another beat and raise when the company reports Q2 results on October 28, but sees the setup as a “potential sell-the-news event.”
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Read More on BOOT:
- Boot Barn price target raised to $195 from $178 at Seaport Research
- Seaport Research footwear/apparel analyst holds analyst/industry conference call
- Boot Barn price target raised to $179 from $147 at Piper Sandler
- Boot Barn price target raised to $192 from $140 at Benchmark
- Boot Barn price target raised to $167 from $140 at Baird